Daewoo Shipbuilding secures a $713m contract for four supply ships

Daewoo Shipbuilding & Marine Engineering Co., a South Korean shipbuilder, said Monday that it has won a 800 billion won (US$713 million) deal to build four supply ships, Yonhap News reported.

Under the contract with the British Ministry of Defense, Daewoo Shipbuilding will deliver the vessels by 2015, the company said in a statement.